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IRDAI amends solvency margin for Crop Insurance business

August 28, 2020
The IRDAI has amended the norms solvency margin for Crop Insurance business wherein provision of para 6.1.1 has been revised. The premium receivables related to State and Central Govt. sponsored scheme for the Q1 and Q2 of the FY 2020-21 to the extent they are not realized within a period of one year should be placed with value zero.
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